Comfort Systems USA (NYSE:FIX) Insider Sells 16,024 Shares of Stock

Key Points

• Insider sale: Brian Lane sold 16,024 Comfort Systems USA shares for approximately $25.8 million at an average price of $1,608.21, reducing his direct stake by 9.95% to 145,065 shares.
• Strong quarterly performance: The company reported quarterly revenue of $3.27 billion, up 50.3% year over year, and EPS of $12.53, exceeding analyst expectations by $2.08.
• Analyst outlook remains positive: Comfort Systems USA has an average “Buy” rating and a consensus price target of $2,082.86, while the company increased its quarterly dividend to $0.90 per share.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $0.65 during trading hours on Thursday, hitting $1,616.34. The stock had a trading volume of 339,795 shares, compared to its average volume of 450,954. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a market capitalization of $56.88 billion, a price-to-earnings ratio of 39.75 and a beta of 1.69. The stock's fifty day moving average is $1,763.42 and its two-hundred day moving average is $1,667.74. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the previous year, the company earned $6.53 EPS. Comfort Systems USA's revenue for the quarter was up 50.3% on a year-over-year basis. As a group, analysts predict that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is currently 8.85%.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new position in Comfort Systems USA in the 2nd quarter worth $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $32,000. Field & Main Bank purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $32,000. Finally, Kemnay Advisory Services Inc. bought a new position in Comfort Systems USA in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent research reports. KeyCorp increased their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Erste Group Bank cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research report on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target of $2,082.86.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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